Garde Capital Inc. bought a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the business services provider’s stock, valued at approximately $741,000.

A number of other institutional investors have also bought and sold shares of OMC. Schwab Charles Investment Management Inc. grew its position in Omnicom Group by 7.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,170,997 shares of the business services provider’s stock worth $97,076,000 after buying an additional 77,187 shares in the last quarter. Sigma Planning Corp grew its position in Omnicom Group by 20.4% during the second quarter. Sigma Planning Corp now owns 4,429 shares of the business services provider’s stock worth $367,000 after buying an additional 751 shares in the last quarter. Convergence Investment Partners LLC lifted its stake in Omnicom Group by 11.8% during the second quarter. Convergence Investment Partners LLC now owns 14,451 shares of the business services provider’s stock worth $1,198,000 after purchasing an additional 1,526 shares during the last quarter. Savant Capital LLC lifted its stake in Omnicom Group by 5.2% during the second quarter. Savant Capital LLC now owns 2,790 shares of the business services provider’s stock worth $231,000 after purchasing an additional 139 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new stake in Omnicom Group during the second quarter worth about $104,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

In other news, Director Linda Johnson Rice sold 489 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $74.32, for a total value of $36,342.48. Following the completion of the sale, the director now owns 7,777 shares of the company’s stock, valued at approximately $577,986.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Peter K. Sherman sold 8,310 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the sale, the insider now directly owns 21,271 shares of the company’s stock, valued at approximately $1,580,648.01. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Omnicom Group Inc. (OMC) traded down $0.80 during midday trading on Thursday, hitting $73.71. The stock had a trading volume of 2,019,300 shares, compared to its average volume of 1,946,195. Omnicom Group Inc. has a 12 month low of $65.32 and a 12 month high of $88.69. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90. The company has a market cap of $17,174.69, a price-to-earnings ratio of 14.99, a PEG ratio of 1.99 and a beta of 1.24.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the company posted $1.06 EPS. Omnicom Group’s revenue for the quarter was down 1.9% on a year-over-year basis. sell-side analysts anticipate that Omnicom Group Inc. will post 5.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Monday, December 18th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s payout ratio is 43.82%.

Several brokerages have issued reports on OMC. TheStreet lowered Omnicom Group from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st. Argus raised Omnicom Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Credit Suisse Group lifted their price target on Omnicom Group from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Zacks Investment Research lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Royal Bank of Canada dropped their price target on Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Omnicom Group has a consensus rating of “Hold” and an average price target of $84.00.

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Omnicom Group Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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